Chocolate Market Revenues in US to Surpass $ 30 Billion by 2021
Growing
demand for new flavors coupled with increasing young population and use of
innovative packaging to drive US chocolate market through 2021
According to TechSci Research
report, “US Chocolate Market By Type, By
Age Group, By Point of Sale, Competition Forecast and Opportunities, 2011-2021”,
chocolate market in the US is forecast to cross US $ 30 billion by 2021. Growth
in the country’s chocolate market is anticipated on account of rising personal
disposable income, surging demand for sugar free and dark chocolates, changing consumer
taste and preferences, increasing demand for chocolates during festive season,
coupled with growing number of innovative product offerings by chocolate
manufacturers. In addition, expanding distribution channels of new as well as
established chocolate players is expected to positively influence the US
chocolate market during the forecast period.
Browse 17 market data
Tables and 22 Figures spread through 101 Pages and an in-depth TOC on "US Chocolate Market"
http://www.techsciresearch.com/report/united-states-chocolate-market-by-type-by-age-group-by-point-of-sale-competition-forecast-and-opportunities-2011-2021/661.html
Other major factors that are
anticipated to augment chocolate demand in the US include increasing use of
chocolates in food & beverages sector as well as cosmetic industry, coupled with rising number of private
label brands in the country. Hershey’s, Mars, Lindt
& Sprungli and Nestle are the
leading players operating in the US chocolate market. These four players
cumulatively accounted for a value share of more than 85% in
the country’s chocolate market in 2015. In terms of consumption trend among
consumer, people in the age group of 15 to 24 years are the major revenue generators
for the chocolate market in the country. US chocolate market has been broadly segmented
into four segments - Countline, Seasonal, Tablet and Boxed. Countline chocolate
segment, comprising chocolate bars containing wafer or caramel, dominated the
market in 2015 and the segment is anticipated to continue its dominance during
the forecast period as well, predominantly on account of its high popularity
among children.
Download Sample Report @ http://www.techsciresearch.com/sample-report.aspx?cid=661
Customers
can also request for 10% free customization on this report.
“Being
the largest global economy, coupled with the fact that US has the third largest
population base, after India and China, United States is a huge, attractive and
a very important market for chocolate manufacturers. Though chocolate
consumption is increasing across almost all chocolate categories in the
country, an emerging trend that is being witnessed is continuously surging
demand for premium chocolates. This
trend is expected to gain traction in the coming years on account of increasing
health awareness among consumers and the prevailing high per capita income levels
in the country.”, said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“US Chocolate Market By Type, By Age Group, By Point of Sale,
Competition Forecast and Opportunities, 2011-2021”
has evaluated the future growth potential of the US chocolate market and
provides statistics and information on market size, structure and consumer
behavior. The report intends to provide cutting-edge market intelligence and
help decision makers take sound investment evaluation. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities present in the US chocolate market.
About TechSci Research
TechSci Research
is a leading global market research firm publishing premium market research
reports. Serving 700 global clients with more than 600 premium market research studies,
TechSci Research is serving clients across 11 different industrial verticals. TechSci
Research specializes in research based consulting assignments in high growth and
emerging markets, leading technologies and niche applications. Our workforce of
more than 100 fulltime Analysts and Consultants employing innovative research
solutions and tracking global and country specific high growth markets helps
TechSci clients to lead rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]